Creator: Patrick Connole
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Fed Raises Rates for First Time Since 2023
Freestyle1 min readSep 16, 2026
The Federal Reserve raised interest rates for the first time since 2023, by a quarter of a percentage point due to continued inflationary pressures.
The Federal Reserve on Sept. 16 raised interest rates for the first time since 2023, by a quarter of a percentage point to a target range of 3.75 percent to 4 percent.
The Fed said more increases could follow later in the year.
The move came amid what is being called “persistent” inflationary pressures on the economy.
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